UltraTax CS

Form 6198 - At-risk calculations FAQs (1040)

Show expandable text

The following includes answers to common questions about Form 6198.

Why are suspended passive loss, section 179, and capital loss carryovers from last year not being limited by Form 6198?

Why are carryover losses limited by Form 6198 in previous years being limited by Form 6198 in the current year?

Does the at-risk limitation come before investment interest limitation?

Which income items from Screens K1 and K1-4 are automatically part of Form 6198 calculations?

What happens if Form 6198, line 5, shows a current-year loss?

How do loss limitations calculate?

How do I access the State allocation spreadsheet in Screen 6198?

How do I allocate federal amounts to the applicable states displayed in the State allocation spreadsheet?

Can I make the Reg. 1.1367-1(f) election for alternative ordering rules for at-risk allocation of expenses?

Was this article helpful?

Great! Can you tell us why? (optional)

Answered my question
Easy to find the article
Easy to understand

We're sorry. Can you tell us why? (optional)

Didn't answer my question
Wrong or missing information
Not what I expected
Hard to find the article
I prefer a video

Thank you for the feedback!